Is your credit card worth keeping?
Once you have earned the welcome bonus, a card has to justify its annual fee every single year on ongoing value alone. Pick your card, tell us what you actually use, and we will tell you to keep, downgrade, or cancel, and show the opportunity cost of spending on it instead of chasing a new bonus.
Pick a card to see its statement credits.
Pick a card to enter your spending.
Only count perks you would actually buy. Be honest, this is the whole point.
Why the welcome bonus does not count
The welcome bonus is the single best reason to open a card, but a terrible reason to keep one. You earn it once, in year one. Every year after that, the annual fee posts again and the card has to earn its place on ongoing value alone: the statement credits you genuinely use, the rewards it earns on your spending, and any perks you would otherwise pay for. This tool deliberately ignores the bonus so you judge the card on the only thing that recurs, the fee.
We only count rewards above a free 2% card
If you cancelled this card, you would not stop earning rewards, you would put that spending on a free 2 percent cash-back card instead. So the honest measure of a fee card is the rewards it earns above that 2 percent floor, plus credits and perks, minus the fee. A card that earns 2 percent flat for a fee is, on rewards alone, worth nothing extra. A card that earns 4x on dining you spend heavily on can clear its fee on that gap alone.
The opportunity cost of loyalty
Here is the part most people miss. Routing your everyday spending through a card you already own earns the ongoing rate, usually 1 to 5 percent. That same spending, aimed at a new card minimum spend, can unlock a welcome bonus worth an effective 15 to 30 percent or more. So keeping a card mainly for its ongoing earning has a real cost: the bonus you are not chasing with that spend. Keep a fee card for credits and perks that beat the fee on their own, not for the everyday points, those are almost always better spent earning the next bonus. The usual caveats apply: bonuses are one-time, issuer rules like Chase 5/24 limit how often you can chase them, and you should never overspend to hit a minimum.
Keep, downgrade, or cancel?
If the math is clearly positive, keep the card. If it is roughly a wash, keep it only if you value the perks, otherwise downgrade to a no-fee card in the same family, which preserves your account age and credit line without the fee. If it is clearly negative and there is no downgrade you want, cancel. For a deeper, card-by-card verdict, see the is it worth the fee breakdowns and why cash back rarely covers an annual fee, and run the rewards calculator to find a card that fits your spending better.